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A U.S. state decides to make itself more affordable and to protect its citizens by putting a price ceiling on electricity. The demand for electricity in this state is P = 70 - Q and the supply of electricity is P = 4 + .1Q, where quantity is measured in kilowatt-hours of electricity used and the price is cents per kilowatt-hour. Calculate the equilibrium price and quantity. What will be the quantity demanded and quantity supplied if the price ceiling is set at 7 cents per kilowatt-hour? 9 cents? 11 cents?
John's goal in life is to be a millionaire. He has $6,980 in a saving account and figure he is likely to earn an 18% rate of return every year.
Be able to calculate a bond price for given F,C,n and i. Example that I am confused on what is the predicted price of a 2-year bond with a $5,000 face value
(a) Compute the total product per day and the marginal product of labor for the first five workers.
The annual maintenance costs for the leased cabs are $750 per year. Should the cabs be replaced if the interest rate is 10%?
Modern comparative economists would object to the definition of economic systems only in terms of property ownership arrangements,
Two of the benefits that consumers realize resulting from increased competition are lower prices and improved product quality.
If inflation is estimated to be 4% per year for the next 3 years, how much, in year-1 dollars, will Felix be earning each year?
Assume marginal costs are rising at all levels of output. If profits are maximized by a firm, whether monopolistic or perfectly competitive,
You are responsible for the manufacturing budget preparation. What other forecast or budget/s affects the raw materials budget and in what way? How would a growth in the sales forecast affect the raw materials budget?
What are the benefits of using google calendar in the office? What are the advantages and disadvantages?
The weekly demand and supply functions for seats on flights between Syracuse and Boston have been estimated as follows: Qd = 1600 - 2.5 Price + .040 Income - 4 Weather + 1.20 Pa ( where Pa is the price of alternative means of travel ) Qs = -50 + 4.25..
Consider lending institutions such as the World Bank and the IMF, and the case of debt-ridden nations such as Greece. Argue for or against the following two points: Important decisions are made by vote, with the weight of the vote proportional to a n..
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